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COINTURK NEWS > Cryptocurrency News > Analysts Provide Insights for Cryptocurrency Investors
Cryptocurrency News

Analysts Provide Insights for Cryptocurrency Investors

In Brief

  • Cryptocurrency investors often face losses when following analysts' trades.

  • Top analysts avoid fraud and make logical evaluations.

  • Each analyst has unique strengths and areas of focus.

COINTURK NEWS
COINTURK NEWS 10 months ago
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Cryptocurrency investors often face losses when following and copying analysts’ trades. Analysts frequently express opinions with a 50% chance of being correct. Contrary to some beliefs, they cannot predict the future and have a high probability of being wrong. Therefore, popular analysts are only periodically popular; you won’t find an analyst who is always right. So, who are the best ones?

Contents
Top Cryptocurrency AnalystsCryptoEdPoppeRookieXBTRekt CapitalKoroush AKAnıl and Barış

Top Cryptocurrency Analysts

The term “best” is subjective here, but a list can be made of analysts who clearly do not engage in fraud, engage less in covert advertising, and make evaluations based on logical foundations. Remember that they will often be wrong and cannot predict the future. Also, keep in mind that they might have covert advertising agreements with the altcoins they recommend, and their statements may not be rational.

CryptoEd

A frequently shared expert and popular analyst. He offers evaluations from different data sources for new investors. His main focus is Bitcoin, and since BTC fluctuations have long determined the general market trend, this is not surprising.

Since he is not much interested in meme coins, we can say he is less risky. Cred has a famous saying:

“99% of people don’t want to learn about crypto; they’re not here to build or invest.”

Poppe

Generally optimistic and has been expecting a rise for a long time. He is passionately attached to some altcoins. For example, LINK Coin is his favorite altcoin, and he constantly advised people to buy LINK Coin below $10. When LINK Coin was below $6, he gave even stronger buy recommendations. Although it didn’t bring massive gains, LINK Coin has proven itself as a project, and Poppe is good at technical analysis.

RookieXBT

He could be a good alternative for those who love risk. However, you should only make high-risk trades with money you can afford to lose. He announced many low-market-cap altcoins to his followers before they shined. For example, he shared SOL Coin-based POPCAT before it hit $1.

The risk here is that some altcoins really crash and disappear completely, and as all liquidity in DeFi dries up, that altcoin turns into dust, along with your money.

Rekt Capital

A favorite analyst of old investors. Although he has correctly predicted many breakouts in the past, he has also been wrong many times. His technical analyses, based on historical data, can offer you different perspectives. Recently, he has increased his evaluations of altcoins and expects a rise in September.

Koroush AK

He has been talking about crypto for 7 years. This is a good duration. If possible, the analysts you follow should have been acquainted with crypto no later than 2016-2017, as each cycle is a different experience. Those who entered crypto only in 2021 and call themselves the best analysts are laughable.

Koroush AK trades BTC and a few other cryptocurrencies. He can offer a different perspective, especially for BTC evaluations.

Anıl and Barış

Users Anlcnc1 and KardesBaris are particularly good analysts in the on-chain area. Anıl’s evaluations and comments on network movements can help you interpret the current situation. Barış mainly focuses on on-chain metrics. He compares historical data with the current situation and provides successful readings as on-chain support and resistance.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 2 August, 2024 - 10:40 pm 2 August, 2024 - 10:40 pm
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